An Extended-Response Essay Question Is Better Than a Restricted-Response Question

question 6

Multiple Choice

An extended-response essay question is better than a restricted-response question if

• A)administration time is limited.
• B)complex learning outcomes are being assessed.
• C)questions cannot be phrased clearly.
• D)reliable scoring is of special importance.

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Definitions:

Reserve Requirement

The minimum percentage of deposits that banks are required to hold in reserve rather than lend out, set by central banking authorities to help control the money supply.

Open Market

A freely competitive market where any buyer or seller can participate without restrictions.

Savings Accounts

Financial accounts at banks or other financial institutions that pay interest on deposits, allowing individuals to save money over time.

Maturity Dates

The specific dates on which financial instruments such as bonds or loans are due to be fully paid off.